- Energy Tax Facts
- 4 Dec 13
Oil and Gas Journal: Baucus Circulates Proposal To Change Federal Oil, Gas Taxes
US Senate Finance Committee Chairman Max Baucus (D-Mont.) released a federal tax reform discussion draft that would make intangible drilling costs, tertiary injectant expenses, and geological and geophysical expenses “qualified extraction expenses” similar to research and experiment outlays. It also would repeal the percentage depletion allowance, another federal tax provision that independent producers consider essential […]
